Cottage Insurance has been designed to protect one of your most valuable assets. Whether it’s a seasonal or year-round property, Cottage Insurance is here to make sure your property is covered. Peace of mind is important whether you’re at the lake or not. Cottage Insurance will protect your property from fire, wind, lightning, theft and vandalism, twelve months of the year. Cottage Insurance also provides medical payments and liability coverage in the event someone is injured on your property.
Proper insurance coverage includes the main cottage building, its contents, outbuildings such as bunk houses and boathouses, as well as docks. With rising reconstruction costs, cottage owners need to make sure that all structures are listed on their policy in the event of a loss. This is something that is often overlooked by cottage owners as many people are under the false impression that bad luck will never befall them.
Seasonal Cottage Insurance
Seasonal Cottages are properties that are occupied three seasons of the year (spring, summer and fall). Often these buildings are more rustic, without central heat and allows you the freedom to spend time in the great outdoors away from the city without the maintenance of a secondary home. This coverage is tailored to protect the property from fire, wind, falling trees, theft and vandalism.
Second Home Cottage Insurance
Secondary Homes are properties that are occupied on a regular basis throughout the year. They are similar to principal residences but are occupied less frequently. Often these properties include many of the comforts we enjoy at home like a washer and dryer, TV, air conditioning, and central heat. The coverage provided is similar to a Homeowner’s policy but is tailored to seasonal properties.
Rental Cottage Insurance
Rental Cottage Insurance provides protection to the building, contents and liability while the property is rented to others. There are various factors that must be considered with this type of insurance including the length of time the cottage is rented throughout the year, the amount of rental income that is earned, claims history, replacement cost of the building and contents, and the distance between the property and a responding fire hall.
Recreational & Boat Insurance
- Watercraft at cottage properties can range from a small aluminum boat with an outboard motor, personal watercraft, bass boat, runabout boat, wakeboard boat, ski boat, sail boats, classic wooden boats, pontoon boats and large cruisers.
- Watercraft require physical damage to cover the hull and equipment and liability coverage to provide protection if a loss occur. You will need to know the current value of your watercraft.
- Personal Watercraft (PWC) require specific coverage based on the value, engine size, drivers age.
- All Terrain Vehicles (ATV’s) are also popular to use at cottage properties. You can use them to trail ride or help with work around the property.
- ATV’s are treated the same way as automobiles when it comes to insurance. Coverage depends on age of ATV, engine size, value and driver’s age.
Builder’s Risk Insurance
Cottage Builder’s Risk policies are designed to cover the construction of a new building, the materials used in construction and to provide liability coverage while under construction. In order to be covered, the policy must be in place when the construction process starts. It is not possible to provide coverage once the construction has begun. You need to stay with the same insurer throughout the length of the project.
